Zahrat Al Waha for Trading Co (SAU:3007) Days Payable : 18.67 (As of Mar. 2024)

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What is Zahrat Al Waha for Trading Co Days Payable?

Zahrat Al Waha for Trading Co's average Accounts Payable for the three months ended in Mar. 2024 was ﷼25.0 Mil. Zahrat Al Waha for Trading Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ﷼122.2 Mil. Hence, Zahrat Al Waha for Trading Co's Days Payable for the three months ended in Mar. 2024 was 18.67.

The historical rank and industry rank for Zahrat Al Waha for Trading Co's Days Payable or its related term are showing as below:

SAU:3007' s Days Payable Range Over the Past 10 Years
Min: 11.54 Med: 15.3 Max: 23.3
Current: 23.3

During the past 9 years, Zahrat Al Waha for Trading Co's highest Days Payable was 23.30. The lowest was 11.54. And the median was 15.30.

SAU:3007's Days Payable is ranked worse than
89.46% of 370 companies
in the Packaging & Containers industry
Industry Median: 58.225 vs SAU:3007: 23.30

Zahrat Al Waha for Trading Co's Days Payable declined from Mar. 2023 (19.75) to Mar. 2024 (18.67). It may suggest that Zahrat Al Waha for Trading Co accelerated paying its suppliers.

Zahrat Al Waha for Trading Co Days Payable Historical Data

The historical data trend for Zahrat Al Waha for Trading Co's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Zahrat Al Waha for Trading Co Days Payable Chart

Zahrat Al Waha for Trading Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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11.54

22.51

20.86

13.35

15.30

Zahrat Al Waha for Trading Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															19.75	28.05	19.17	24.17	18.67

Competitive Comparison of Zahrat Al Waha for Trading Co's Days Payable

For the Packaging & Containers subindustry, Zahrat Al Waha for Trading Co's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Zahrat Al Waha for Trading Co's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Zahrat Al Waha for Trading Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zahrat Al Waha for Trading Co's Days Payable falls into.

Zahrat Al Waha for Trading Co Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Zahrat Al Waha for Trading Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (18.366	+	23.721)	/	2 )	/	502.043	*	365
=	21.0435					/	502.043	*	365
=	15.30

Zahrat Al Waha for Trading Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (23.721	+	26.278)	/	2 )	/	122.198	*	365 / 4
=	24.9995					/	122.198	*	365 / 4
=	18.67

Zahrat Al Waha for Trading Co Days Payable Related Terms

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Zahrat Al Waha for Trading Co (SAU:3007) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Zahrat Al Waha for Trading Co (SAU:3007) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Rabwa, Al Ihsa Street, P.O. Box 2980, Unit no 1, Building 7449, Riyadh, SAU, 12814

Website

http://www.zaoasis.com

Zahrat Al Waha for Trading Co is a producer of PET preform and HDPE closure (caps) products. The principal activities of the company include the manufacture of semi-finished products from plastics, the manufacture of cans and boxes from plastics, the manufacture of bottles of various forms from plastics, the manufacture of products from plastics using the Roto mold method. The company operates in two segments namely the plastic bottles preforms which includes manufacturing and selling of plastic preforms and the plastic caps which includes manufacturing and selling of plastic caps.

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